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Pierre Energy are obviously no longer involved otherwise why...

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Dianella 68

717 Posts.

24

08/10/16

13:30

Post #: 19716683
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Originally posted by plough ↑

just a note from 2014 report page 6 estimated cost for Horizontal Niobrara wells was $6M each, but be less now , not sure if the rig AKK have would have sufficient pull back for that depth

http://austinexploration.com/wp-content/uploads/2013/08/Independent-research-report.pdf

Two of the 3 Pierre formation wells currently being drilled are being paid for by Pierre energy fund who end up getting 50% of the revenue from prodn for those wells refer 25/5/15 announcement .
No mention of how third well is being funded
Be interesting to know if there is any relationship between current directors of AKK and Pierre energy and Math energy the rig owner .

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Pierre Energy are obviously no longer involved otherwise why would AKK be renting a drill fleet and be doing their own drilling.
It's the non announcements you have to figure out with this mob.

AKK Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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